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Jackson Metals, Inc., issued a $1,000 convertible corporate bond. Each bond is convertible to 40 shares of the firm's common stock. (a)What price must the

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Jackson Metals, Inc., issued a $1,000 convertible corporate bond. Each bond is convertible to 40 shares of the firm's common stock. (a)What price must the common tock reach before investors would consider converting their bond to common stock? (Omit the "$" sign in your response.) Minimum stock price for conversion

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